Legend Capital
China's Burning Rock soars on debut after $222m US IPO
Burning Rock Biotech, a venture capital-backed, China-based provider of genetic testing services used in cancer diagnosis, rose 49% on its trading debut following a $222.8 million US IPO.
China social e-commerce player Tongcheng Life gets $200m
Tongcheng Life, a social e-commerce business incubated by online travel agency Tongcheng-Elong, has raised a $200 million Series C round led by Joyy, previously known as YY, a US-listed video-based social media platform.
China chip design company Eswin raises $283m
Beijing-based chip design company Eswin Technology Group has raised a RMB2 billion ($283 million) Series B round led by IDG Capital and Legend Capital.
SK Telecom leads Series C for China cloud services player
Bespin Global, a Seoul and Beijing-based cloud management services provider, has raised RMB530 million ($74.6 million) in a Series C round from SK Telecom and existing investor DY Holdings.
NASDAQ moves to de-list China's Luckin Coffee
Luckin Coffee, a private equity-backed Chinese coffee shop chain currently enmeshed in a fraud scandal, faces being delisted from NASDAQ.
CICC, GL Ventures join $66m round for Suzhou Ribo Life Science
Chinese drug developer Suzhou Ribo Life Science has raised RMB470 million ($66 million) in an extended Series C round led by China State-owned Capital Venture Capital Fund, CICC Capital and GL Ventures, the VC arm of Hillhouse Capital.
China's Luckin Coffee reveals $310m in fabricated sales
Luckin Coffee, a PE-backed Chinese coffee shop chain that went public in the US last year, has admitted that RMB2.2 billion ($310 million) worth of sales booked in 2019 were fabricated.
Chinese smart IT services provider Udesk raises $35m
Udesk, a software-as-a-service (SaaS) provider focused on customer service systems, has raised RMB250 million ($35 million) in an extended Series C round from an undisclosed US hedge fund.
Chinese optical semiconductor maker raises $14m
Bosheng Guangdian, a Chinese optical semiconductor maker targeting the smart phone market, has raised RMB100 million ($14 million) from a group featuring Vision Knight Capital.
CITIC, CDH, Legend invest $300m in China freight business
CITIC Capital, CDH investments and Legend Capital have invested $300 million in SF Freight, a sub-brand of Chinese courier company SF Express, through a convertible note issue.
Toyota leads $462m round for China's Pony.ai
Pony.ai, a Chinese autonomous driving technology developer, has raised $462 million in a funding round led by Toyota Motor Corporation.
Hamilton Lane backs Legend Capital fund restructuring
Hamilton Lane has led a $200 million restructuring of a VC fund managed by China-based Legend Capital, transferring 12 investments into a new vehicle as a means of extending the holding period.
Chinese genetic testing player for infectious diseases gets Series B+
Chinese genetic testing specialist Genskey raised an RMB50 million ($7.1m) extended Series B round of funding led by Shenzhen-based Fortune Capital. Existing investor Legend Capital re-upped.
AVCJ Awards 2019: Exit of the Year - IPO: Innovent Biologics
Innovent Biologics has set a new standard for Chinese biotech, securing an innovative drug development tie-up with Eli Lilly and then completing a successful Hong Kong listing
Chinese network service provider receives $35.6m led by Legend Capital
AgotoZ, a Chinese network-as-a-service (NaaS) provider, has raised RMB250 million ($35.6 million) in an extended Series B led by Legend Capital. Existing investors SIG China and Northern Light Venture Capital re-upped.
GGV leads $14m round for Chinese IoT player
Chinese internet-of-things (IoT) operating system provider RT-Thread has raised a RMB100 million ($14 million) Series B round led by GGV Capital. Existing investor Legend Capital re-upped.
Legend joins $70m round for China pet food producer
Gambol, a Chinese pet food producer has secured a RMB500 million ($70 million) Series B from Legend Capital and Industrial Bank.
Chinese auto parts supplier raises $28m in Series A extension
Mancando, an automotive parts supplier based in Guangdong province, has raised RMB200 million ($28 million) in an extended Series A round led by Legend Capital, with participation from Eastern Bell Venture Capital, Galaxy Capital, and Oriza FoF.
Legend leads round for Chinese community group buying business
Legend Capital has led a $100 million investment in Tongcheng Life, a social e-commerce business incubated by Hong Kong-listed online travel agency Tongcheng-Elong.
HiFiBiO Therapeutics receives $67m in Series C funding
HiFiBiO Therapeutics, a drug developer led by the former head of Asian cancer research at Sanofi, has completed a $67 million Series C funding round.
GP profile: Legend Capital
Legend Capital has absorbed lessons from its corporate sponsor to build a diversified investment business across the US dollar and renminbi spaces. It is now trying to take LP relations to a new level
Chinese industrial e-commerce platform gets $160m Series D
Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products, has raised $160 million in a Series D round of funding led by Tencent Holdings.
Whale watching: Mid-cap GPs engage large-cap LPs
Recent appointments by two Asian GPs - Everstone Group and Legend Capital - offer insights into how smaller managers are trying to forge meaningful relationships with large institutional investors
Legend Capital hires PV Wang, ups fundraising ambitions
Chinese venture capital firm Legend Capital has appointed Asia PE industry veteran Piau-Voon Wang (pictured) as a managing director and COO as part of efforts to institutionalize operations and diversify its LP base.